Monday, 29 May 2017

EU5 incumbents: How they stack up after Q1

By Nick Wood, Total Telecom
Friday 12 May 17

Deutsche Telekom consolidates its position at the top of the revenue table

With Deutsche Telekom and Telefonica publishing their quarterlies this week, now is the perfect time to check the headline figures of Europe's big five players to see how they fared during the first three months of 2017, and how their performance compares to this time last year. Deutsche Telekom Revenue: +5.8% Q1 2017: €18.65 billion Q1 2016: €17.63 billion Adjusted EBITDA: +7.8% Q1 2017: €5.56 billion Q1 2016…

With Deutsche Telekom and Telefonica publishing their quarterlies this week, now is the perfect time to check the headline figures of Europe's big five players to see how they fared during the first three months of 2017, and how their performance compares to this time last year.

Deutsche Telekom

Revenue: +5.8%
Q1 2017: €18.65 billion
Q1 2016: €17.63 billion

Adjusted EBITDA: +7.8%
Q1 2017: €5.56 billion
Q1 2016: €5.16 billion

Free cash flow (FCF): +49.6%
Q1 2017: €1.23 billion
Q1 2016: €822 million

Net debt: +5.0%
Q1 2017: €49.96 billion
Q1 2016: €47.60

Mobile connections: +4.7%
Q1 2017: 165.8 million     
Q1 2016: 158.4 million

Fixed-line connections: -1.7%
Q1 2017: 28.3 million
Q1 2016: 28.8 million

Telefonica

Revenue: +5.0%
Q1 2017: €13.13 billion
Q1 2016: €12.51 billion

OIBDA*: +4.7%
Q1 2017: €4.02 billion
Q1 2016: €3.84 billion

FCF: Return to positive
Q1 2017: €457 million
Q1 2016: -€69 million

Net debt: -2.7%
Q1 2017: €48.77 billion
Q1 2016: €50.10 billion

Mobile connections: +0.8%
Q1 2017: 274.1 million
Q1 2016: 271.8 million

Fixed-line connections: -2.6%
Q1 2017: 59.5 million
Q1 2016: 61.1 million

*Operating income before depreciation and amortisation

Orange

Revenue: +0.6%
Q1 2017: €10.07 billion
Q1 2016: €10.01 billion

Adjusted EBITDA: +1.2%
Q1 2017: €2.60 billion
Q1 2016: €2.57 billion

FCF: Orange publishes cash flows but does not break out an exact FCF figure

Net debt: -7.9%
Orange publishes its debt position every six months
End 2016: €24.44 billion
End 2015: €26.55 billion

Mobile connections: +6.7%    
Q1 2017: 203.5 million               
Q1 2016: 190.8 million               

Fixed-line connections: -1.4%
Q1 2017: 42.7 million
Q1 2016: 43.3 million

BT

Revenue: +9.9%
Q1 2017: £6.12 billion
Q1 2016: £5.57 billion

Adjusted EBITDA: +2.0%
Q1 2017: £2.07 billion
Q1 2016: £2.03 billion

FCF: -45.1%
Q1 2017: £834 million
Q1 2016: £1.52 billion

Net debt: -9.2%
Q1 2017: £8.93 billion
Q1 2016: £9.84 billion

Mobile connections: -1.3%    
Q1 2017: 30.0 million                
Q1 2016: 30.4 million                

Fixed-line connections: -1.0%
Q1 2017: 10.3 million
Q1 2016: 10.4 million

Telecom Italia

Revenue: +8.6%
Q1 2017: €4.82 billion
Q1 2016: €4.44 billion

EBITDA: +16.4%
Q1 2017: €1.99 billion
Q1 2016: €1.71 billion

FCF: +1344%
Q1 2017: €361 million
Q1 2016: €25 million

Net debt: -8.2%
Q1 2017: €25.92 billion
Q1 2016: €28.23 billion

Mobile connections: -6.0%    
Q1 2017: 91.3 million                
Q1 2016: 97.1 million                

Fixed-line connections: -3.4%
Q1 2017: 11.2 million
Q1 2016: 11.6 million

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